AI Startup Alex Gets $20M to Revolutionize Job Matching

Job hunting and hiring can be a real headache. Companies struggle to find the right people, and candidates often feel ignored. Enter Alex, a new AI-powered recruiting startup that aims to fix this problem. It just raised $20 million to expand its services. The funding comes from several big investors, including Peak XV Partners and 1984 Ventures. Other notable backers are Y Combinator and some top executives from Fortune 500 companies. This money will help Alex grow and improve its technology. Alex's platform uses AI to handle tasks like video interviews, resume screening, and scheduling. It even detects fake candidates and keeps detailed notes. The goal is to make the hiring process faster and more efficient. Recruiters spend a lot of time on boring admin tasks. Alex wants to change that. By automating these tasks, recruiters can focus on building relationships and finding the best matches. This could lead to quicker hiring and better job placements. In just a year and a half, Alex has helped hundreds of companies hire for thousands of jobs. Big names like Fortune 100 companies and global banks are already using it. Investors see this as a sign that AI-driven recruiting is the future. The idea is to make sure no good candidate gets overlooked. By automating the tedious parts of hiring, Alex aims to give everyone a fair chance. For companies and job seekers alike, this could be a game-changer.